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15 important things you should know about AMG Funds MRESX mutual fund

Updated: September 10, 2020
71
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • High expense ratio

Before we start: if you’re looking for MRESX “stock” price, you can quickly find it out by visiting Finny and typing "MRESX quote". If you’re looking for a quick scoop on MRESX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "MRESX". You’ll get all this info in one place.

Are you looking to buy or sell MRESX? Or perhaps you’re looking for MRESX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this MRESX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: MRESX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: MRESX buy or sell; the pros and cons of investing in MRESX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to MRESX.

And here is the list of questions we’ll answer:

  1. Describe AMG Funds I: AMG Managers CenterSquare Real Estate Fund; Class N Shares (MRESX).
  2. What are MRESX holdings?
  3. What is MRESX performance? What are MRESX historical returns?
  4. How many up and down years did MRESX have historically?
  5. What is MRESX dividend yield?
  6. What is MRESX minimum initial investment amount?
  7. What is MRESX expense ratio?
  8. Does MRESX have any sales loads or 12b-1 distribution expenses?
  9. What is MRESX tax efficiency (tax-cost ratio)?
  10. What is MRESX beta? How would you assess MRESX risk?
  11. What is MRESX Sharpe ratio?
  12. What is MRESX Finny Score? MRESX buy or sell?
  13. What are the pros of investing in MRESX? What are MRESX buy reasons?
  14. What are the cons of investing in MRESX? What are MRESX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe AMG Funds I: AMG Managers CenterSquare Real Estate Fund; Class N Shares (MRESX).

The Fund seeks a combination of income and long-term capital appreciation. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in stocks of companies principally engaged in the real estate industry, including REITs.

2. What are MRESX top holdings?

MRESX has 45 stock holdings and 0 bond holdings.

The top 10 holdings represent 52.90% of total assets. Here are the top holdings:

Name Symbol % Assets
American Tower Corp AMT 9.78%
Equinix Inc EQIX 7.54%
Crown Castle International Corp CCI 7.24%
SBA Communications Corp SBAC 6.65%
Prologis Inc PLD 5.99%
Invitation Homes Inc INVH 4.02%
Equity Residential EQR 3.64%
Healthpeak Properties Inc PEAK 2.82%
Digital Realty Trust Inc DLR 2.81%
UDR Inc UDR 2.41%

3. What is MRESX performance? What are MRESX historical returns?

MRESX has generated the following returns:

  • 1-month return is 0.10%;
  • 3-month return is 1.30%;
  • 1-year return is -7.93%;
  • 3-year return is 3.36%;
  • 5-year return is 6.65%;
  • 10-year return is 8.67%;
  • 15-year return is 7.19%.

4. How many up and down years did MRESX have historically?

In the last 10 years, MRESX had 9 up years and 1 down year.

5. What is MRESX dividend yield?

MRESX yield is 1.9%.

6. What is MRESX minimum initial investment amount?

MRESX minimum initial investment amount is $3.00K.

7. What is MRESX expense ratio?

MRESX expense ratio is 1.12%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does MRESX have any sales loads or 12b-1 distribution expenses?

MRESX 12b-1 distribution fee is 0. MRESX front-end sales load is 0. MRESX back-end sales load is 0.

9. What is MRESX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.9%;
  • 3-year ax cost ratio is 2.05%.

10. What is MRESX beta? How would you assess MRESX risk?

  • 3-year beta is 0.74;
  • 5-year beta is 0.74;
  • 10-year beta is 0.74.

11. What is MRESX Sharpe ratio?

  • 3-year Sharpe ratio is 0.13;
  • 5-year Sharpe ratio is 0.33;
  • 10-year Sharpe ratio is 0.64.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 71. Our quantitative analysis shows 5 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 71.

13. What are the pros of investing in MRESX? What are MRESX buy reasons?

The following are MRESX strengths from our perspective:

  • MRESX 3-year return is 3.36%, which is higher than the 3-year return of the benchmark index (Dow Jones US Select REIT TR USD), -0.47%.
  • MRESX 5-year return is 6.65%, which is higher than the 5-year return of the benchmark index (Dow Jones US Select REIT TR USD), 4.14%.
  • MRESX 10-year return is 8.67%, which is higher than the 10-year return of the benchmark index (Dow Jones US Select REIT TR USD), 7.31%.
  • MRESX 15-year return is 7.19%, which is higher than the 15-year return of the benchmark index (Dow Jones US Select REIT TR USD), 5.42%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in MRESX? What are MRESX negatives?

The following are MRESX weaknesses from our perspective:

  • MRESX net assets are $166.40 million. This fund is not a popular choice with retail investors.
  • MRESX expense ratio is 1.12%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the MRESX review, we covered MRESX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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